Costs Rise With Expectations for the Event Sector

Andrew Sheivachman, Skift

- Nov 08, 2018 12:30 am

Skift Take

Planners expect 2019 to be another tough year, with more commission cuts and increased expenses on the horizon. Succeeding will require doing more with less and getting creative about crafting killer events with a smaller bankroll.

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As the event sector gears up for 2019, higher costs and increased expectations are on the horizon.

The latest research from American Express Meetings & Events suggests that corporations are going to continue reining in spending on events even as they demand more creative meetings.

There are plenty of takeaways on the intersection of meetings and technology, particularly that systems intended to streamline operations end up adding unwanted complexity to the event planning process. Better technology also means increased visibility into spending, causing companies to further clamp down on pricey events. Check out the story below.

We also have the implications for travel in the U.S. in light of Tuesday’s elections, and new challenges emerging across China as business meetings boom.

If you have any feedback about the newsletter or news tips, feel free to reach out to me via email at as@skift.com or tweet me @sheivach.

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